On: 62% of Americans Have Under $1,000 in Savings, Survey Finds

[kamaal]

>>Any scenario where the stock market declines by 99% ($100k to $1k) would basically mean the collapse of the entire financial system.

Yet if you owned real estate[Land, Houses], they stand exactly as they are. While the numbers in the bank database turn to 0 after the collapse and companies go bankrupt and never recover. If you owned real estate, your money will recover in the very next turn.

[limelight → kamaal]

Agreed, but that's kind of off topic.

Real estate is yet another asset class which should be included in a diversified investment strategy, but my point was that there's no evidence that money should be kept in a bank savings account.